Whether you have been renting out properties for years, or you are just now thinking about renting out your first property, one of the biggest concerns is getting the unit rented quickly. If you have a property that’s sitting vacant, it isn’t making any money and is actually costing you. Let’s look at five ways that you can rent your Scottsdale home quickly.
#1 – Market It RightWith so many properties for people to choose from, you need to make sure that you are marketing your unit correctly. You need to have quality descriptions that are clear, as well as photos to entice potential renters into contacting you. In addition, you have to make sure that you are marketing online and offline in all of the right places. Take some time to look at what other people are doing with their marketing for rentals and take note. See what works and what doesn’t so you can improve your marketing plan.
#2 – Make It AppealingOf course, even if you have the best marketing in the world, it will not do much for you if the property is in shambles. It needs to be clean and in good shape. The appliances, plumbing, and electricity all need to work. Consider a fresh coat of paint and having the carpets cleaned professionally. Also, make sure that the outside looks as good as the inside does. People want to be able to move into the home without worrying about cleaning or making their own repairs, or waiting for you to make them.
#3 – Make Sure the Rent Is CompetitiveHow much are you planning to charge for your Scottsdale rental unit? You cannot arbitrarily come up with a number that you think is right. It could be too high, which means you will not get as many people who want the apartment. It could be too low, which means you will not be making much money, and you could even attract the wrong types of tenants. Take the time to look at what other rentals in the same area are charging for properties that are of similar size and that have similar features. Make sure the rent is fair to both you and your tenant.
#4 – Screen the ApplicantsWhile this might seem as though it will slow the process down, you really do need to make sure you screen all of the potential candidates who want to rent your property. You need to make sure that they have the financial ability to pay the rent, and that they do not have prior evictions. Get in touch with their references and give them a thorough screening before handing over the keys. If you do not, you could end up with a troublesome tenant. Renting smarter is always better than renting faster.
#5 – Work With Scottsdale Property Management CompaniesFinally, one of the best and simplest things you can do is work with a property management company in Scottsdale. A great manager can help you in a host of different ways. First, they know the market and they know how to find the right tenants. They will even screen the tenants to make sure they are a good fit for your home. In addition, they can handle all of the other things that can make being a landlord a pain, such as dealing with requests for maintenance and collecting the rent. In short, they make your life much easier.
With these five tips in mind, it should be much easier for you to rent your Scottsdale property quickly and to the right tenants. If you have a good property and a fair rent, finding renters should happen relatively quickly in this area.